Triplex with Basement
For Sale
$599,900
705 Collings Ave, Oaklyn, NJ
Three fully leased apartments with shared and private laundry facilities, plus dedicated basement access for the first-floor residence.
Property Size3,314 SF
Price / SF$181.02
Days on Market84
Property Features for 705 Collings Ave
General Information
Standard status
Active
Size
3,314 SF
Property subtype
Residential Income
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Asking Price
$620,000
Taxes and HOA fees
Annual Taxes
$10,648
Listing Agency:
HomeSmart First Advantage Realty
(856) 666-3000
Listed By:
Olawemimo Odebiyi
(973) 384-7309
Source:
Exprealty
Added: Jul 24
Changed: Oct 6
Last Checked: Oct 15 at 12:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HomeSmart First Advantage Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-unit multifamily property contains two two-bedroom, one-bath apartments and one one-bedroom, one-bath apartment within 3,314 square feet. The first-floor residence has exclusive use of a full basement and its own washer and dryer. Residents in the upper units share a separate laundry setup. Unit carpeting has been replaced recently, and all three apartments are currently rented.
The property is positioned near downtown Oaklyn, Collingswood, Knight Park, shopping, restaurants, public transportation, major highways, and Philadelphia. Its separate apartments and varied bedroom layouts provide a clearly defined configuration for continued rental use or an owner-occupied arrangement, as supported by the existing unit mix.
The property is positioned near downtown Oaklyn, Collingswood, Knight Park, shopping, restaurants, public transportation, major highways, and Philadelphia. Its separate apartments and varied bedroom layouts provide a clearly defined configuration for continued rental use or an owner-occupied arrangement, as supported by the existing unit mix.
Key Highlights
- Three‑unit property totaling 3,314 square feet
- Unit mix includes two 2‑bedroom, 1‑bath apartments and one 1‑bedroom, 1‑bath apartment
- All three apartments are fully rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,690
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$753,800
$753.8K
Cap Rate 7%
$538,429
$538.4K
Cap Rate 9%
$418,778
$418.8K
Market Conditions
NOI Build-Up for 3,314 SF
Gross rent
$56.9K $17.16/SF
− Vacancy
−$3.0K −$0.91/SF
EGI
$53.8K $16.25/SF
− OpEx
−$16.2K −$4.87/SF
NOI
$37.7K $11.37/SF
Area
Camden County, NJ
Vacancy
5.32%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$753,800
Cap Rate 7%
$538,429
Cap Rate 9%
$418,778
Alternative Uses
Best Use
Multifamily LT 5
$538.4K
$471.1K – $628.2K
NOI $37,690 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$480.8K
$420.7K – $560.9K
NOI $33,655 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$840.3K
$735.3K – $980.3K
NOI $58,820 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
613
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three fully leased apartments with shared and private laundry facilities, plus dedicated basement access for the first-floor residence.
Where is this triplex located?
The property is located at 705 Collings Ave Oaklyn, NJ.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Three‑unit property totaling 3,314 square feet; Unit mix includes two 2‑bedroom, 1‑bath apartments and one 1‑bedroom, 1‑bath apartment; All three apartments are fully rented
